USD/CAD: Loonie converging with its MA’s

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0955, on a relatively quiet trading day, with the US markets closed for the Martin Luther King holiday. In the Asian … Continue reading

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USD/CAD: Loonie trading higher in the Asian session

USDCAD Movement On Friday, the USD rose 0.35% against the CAD to close at 1.0972. In the Asian session, at GMT0400, the pair is trading at 1.0952, with the USD trading 0.18% lower from yesterday’s close. The pair is expected … Continue reading

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USD/CAD: BoC’s current policy appropriate, Canadian PM Stephen Harper

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD to close at 1.0934. The Canadian Dollar was supported after a report by Statistics Canada indicated that foreign investors’ investment doubled to CAD 8.66 … Continue reading

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USD/CAD: Loonie pares its losses in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0949. In economic news, existing home sales in Canada declined 1.8% (MoM) in December, compared to a 0.1% drop registered in … Continue reading

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USD/CAD: House prices in Canada edge up to a record-high in December

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.61% against the CAD to close at 1.0948. In economic news, the Teranet and the National Bank of Canada indicated that the composite house price index in Canada, … Continue reading

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USD/CAD: BoC survey highlights positive signs amid subdued domestic outlook

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.0882. The Canadian Dollar gained ground against the US Dollar after the Bank of Canada (BoC), in its fourth-quarter business outlook … Continue reading

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USD/CAD: Canada’s unemployment rate surpassed analysts’ expectations for December

USDCAD Movement On Friday, the USD rose 0.41% against the CAD to close at 1.0891. The Canadian Dollar declined against the greenback after a report showed that the unemployment rate in Canada unexpectedly rose to 7.2% in December, from the … Continue reading

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USD/CAD: Loonie trading steady, with focus on Canada’s unemployment data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CAD to close at 1.0846. The Canadian Dollar gave up ground against the US Dollar as the latest batch of dismal economic releases from Canada … Continue reading

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USD/CAD: Loonie trading lower this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CAD to close at 1.0825. The Canadian Dollar lost momentum yesterday, after the Bank of Canada (BoC) Governor, Stephen Poloz hinted that the central bank … Continue reading

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USD/CAD: Canada’s merchandised trade deficit unexpectedly widened in November

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 1.07% against the CAD to close at 1.0775. The Canadian Dollar gave up ground against its US counterpart, after Statistics Canada reported that Canada’s merchandised trade deficit unexpectedly … Continue reading

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USD/CAD: Loonie may depreciate further, hints Finance Minister, Jim Flaherty

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CAD to close at 1.0662. The Canadian Dollar gave up ground against the US Dollar after Canada’s Finance Minister, Jim Flaherty, stated that recent weakness … Continue reading

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